Thursday, March 3, 2011

If Your Fail To Plan, You Plan To Fail!

Planning is not everything. It is the only thing.
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Dear Reader

If you’re a corporate (private sector) employee or a self employed person, ASK YOURSELF these questions which are so very important for you and for your family’s financial security:

X
 Is your & your family’s future secure if something like accident, disability or job loss or any other contingency should happen to you and income stops coming?
 

X
 Will you be able to meet your responsibilities in case of any of the above mentioned unforeseen circumstances?

X
 Will your family be financially fine if you’re not there suddenly one day?

X
 What are you doing to secure your old age when you will be retired and there won’t be any regular income coming? (You don’t have the privilege of monthly pension.)

X
 Are you sure your contributions/savings (if any) are going to be enough to meet the expenses of your children’s education & marriage?

X
 Are you sure you are doing enough (if any) to meet your retirement needs like monthly household expenses, medical & hospital expenses and so on.

Now consider this. Do You Know if inflation is 8% per annum and:
Ø  Your monthly expenses are Rs. 25000 today; you will need Rs. 1.71 lakh per month after 25 years.
Ø  The education of a child costs Rs. 10 lac today, it will cost Rs. 40 lac after 18 years.
Ø  If your budget for one child’s marriage is Rs. 15 lac today, you will need Rs. 70 lac for the same after 20 years
We get busy attending our immediate concerns like work, monthly bills, entertainment, social responsibilities etc. But forget to do the most important thing i.e. securing our and our family’s present & future.

We help corporate employees not only become aware about the need of the financial planning through our Financial Planning Literacy seminars & workshops but also help them with their Financial Planning needs on one to one basis.

So if you would like us to do the one for you, please feel free to contact us.You can also refer us to your HR department. And if you want us to approach the HR Department, we shall be glad to do that using your 


              Be Smart & Intelligent With Your Money

                  Your Life! Your Money! Your Way!


  
Feel Free to write to us at satinder@yourmoneyyourway.in       
 
           If You Fail To Plan, You Plan To Fail.
 
 

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